N.Y. Banking Law Section 664
Unlawful investments by officers of mutual savings banks


Any officer or trustee of a mutual savings bank authorizing or making any investment of the funds of the bank in securities not authorized by law, is guilty of a misdemeanor.

Source: Section 664 — Unlawful investments by officers of mutual savings banks, https://www.­nysenate.­gov/legislation/laws/BNK/664 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 664’s source at nysenate​.gov

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